Greystar Real Estate Partners, Bozzuto management and Rose Associates are linked to lawsuits alleging a nationwide conspiracy to raise rents.
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Maryland Attorney General Anthony Brown accuses RealPage, a property management software company, and six residential landlords of working together to illegally raise rent, according to a lawsuit filed on Wednesday.
The lawsuit alleges eight of the state's largest landlords shared competitive information to inflate rent prices.
Amended Complaints from DOJ, DC AG Reveal Enforcers' Views of Limits on Permissible Use of Pricing Software - The new year
Maryland is suing a real estate technology company and six of the largest landlords in the state for colluding to jack up prices on renters.
Landlords’ use of automated rent-setting software is “plainly illegal,” Sen. Jess Salomon in Washington state says.
New York, Denver and Nashville are among the nation’s difficult-to-predict markets. Some apartment markets are more difficult to predict than others in the United States, offering a wide range of possible performance outcomes than others that tend to fit into a neat category of market profiles. RealPage
SalesMail, the #1 personalized video platform in multifamily and senior living, recently announced an integration with Knock CRM, powered by RealPage, the leading global provider of AI-enabled software platforms to the real estate industry.
Last week, the Department of Justice added six large landlords to an ongoing antitrust lawsuit, alleging that they used software to illegally fix rents by sharing pricing information among competitors.
Attorney General-nominee Pam Bondi and Assistant Attorney General-nominee Gail Slater must seize the opportunity to restore antitrust enforcement to its roots, preserving competitive markets while avoiding policies that inadvertently harm consumers and stifle innovation.
Demand rebounded significantly during the year, catching up to the record supply by the end of the year, said the report. As a result, occupancy bounced back to 94.8%, which is in line with the apartment market’s long-term norm from the 2010s.